CIO and CFO insights: Find common ground in the ERP selection process
Selecting an enterprise resource planning (ERP) system requires a clear understanding of what needs to be accomplished within the organization, as well as the strengths and weaknesses of available solutions. The chosen platform will affect everyone in the organization; therefore, thoughtful and informed consideration must precede selection and implementation.
In the C-suite, the chief information officer (CIO) and chief financial officer (CFO) may have differing views on many issues, but common ground must be found when evaluating ERP solutions. Any technology integration project requires teamwork, especially among those with decision-making power and departmental insight. In the case of ERP, this means the CIO and CFO working together to determine which solution supports the technology requirements of the enterprise, while providing the highest value.
Rad our article to learn how CIOs and CFOs can avoid ERP project delays or cancellations and find a common ERP selection and implementation strategy, with the following recommendations:
- Determine how each ERP option supports overall organizational strategy
- Clearly identify solution return on investment and set a budget early
- Consider a solution with built-in business intelligence capability
- Schedule ERP rollout to maximize functionality and control costs
By working together to identify common goals, CIO sand CFOs can ensure the selected ERP system meets their individual needs, but also meets business objectives and operational objectives for sustainable growth and profitability.